Company Profile For Great-West Lifeco Inc.

Great-West Lifeco Inc. (GWO.TO) (Toronto Stock Exchange)
sector: Financials · industry: Insurance - Life & Health ·
As of  2 Dec 2009
23.70CAD
Price Change
-0.17
Percent Change
-0.71%
 
 
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Overview

Great-West Lifeco Inc. (Lifeco) is a holding company. The Company has operations in Canada, the United States, Europe and Asia through The Great-West Life Assurance Company, London Life Insurance Company, The Canada Life Assurance Company, Great-West Life & Annuity Insurance Company (GWL&A) and Putnam Investments, LLC. The Company operates through four segments: Canada, United States, Europe and Lifeco Corporate. In Canada, the Company offers a portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations. In the United States, the Company caters to the retirement income needs of employees in the public/non-profit and corporate sectors. In Europe, it offers protection and wealth management products, including payout annuity products and reinsurance. On April 1, 2008, Lifeco announced that GWL&A completed the sale of its health care insurance business, Great-West Healthcare, to a subsidiary of CIGNA Corporation.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Great-West Lifeco Inc.'s revenues decreased 10% to C$24.54B. Net income from continuing operation applicable to Common decreased 27% to C1.18$B. Revenues reflect a decrease in premium income and lower fee & other income. Net income also reflects higher premium taxes, an increase in finance charges, a rise in amortization of intangibles and higher policy holder benefits expenses.

Company Address

Great-West Lifeco Inc.
100 Osborne Street North
Winnipeg   MB   R3C 3A5
P: +1204.9461190
F: +1204.9464129

Total Employees

13728

Find Out More About GWO.TO

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